The Morning Leverage: Energy Spectrum Shines on Prism

By

Thomas Dunford

Oct 12, 2012 9:12 am ET

Mike Lucas for Dow Jones

In this morning’s media roundup, Energy Spectrum Capital backs a newly formed Texas company that has acquired assets of two Texas Gulf Coast natural gas-gathering systems and Pecos Valley Producer Services, a joint venture with an affiliate of Kinder Morgan Energy Partners. Meanwhile, Ares Management buys a wholesale retail club from Apollo Global Management in a deal that values the company at about $975 million.

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